Finance and Cash Informations

DETROIT (Reuters) - General Motors Co is on track to complete a wrenching cost-cutting but faces risks from an uncertain U.S. economy and rising unemployment as it tries to win back consumers, the automaker said on Wednesday.

BOSTON/NEW YORK (Reuters) - A review of Citigroup Inc’s management team, demanded by U.S. regulators in the aftermath of the financial crisis, gave it satisfactory marks, according to a person familiar with the matter.

NEW YORK (Reuters) - Global pharmaceutical sales are proving more resistant than expected to the economic slowdown, helped by surprising strength in the United States, according to a report by the leading tracker of prescription drug data.

Mortgage applications surged to their highest level since last spring, as 30-year interest rates remained below 5 percent for the third consecutive week, according to the weekly survey by the Mortgage Bankers Association.

Mortgage rates are low, low, low right now - close to all-time minimums. But those low rates can still cost you an awful lot of money if you’re not careful to avoid some of the serious mistakes people make on home loans when buying a home or refinancing.

Consumers are becoming increasingly upset with their credit card companies, with about one in six recently closing out at least one card in response to actions taken by their credit card issuers.

Buying a condo is about to get more complicated, especially if you’re thinking about getting an FHA mortgage.

Black and Hispanic mortgage loan applicants in the United States continued to face higher rejection rates on than whites and Asians last year, according to data released by the Federal Reserve last week.